Fox Corp. closed its fiscal year with a solid performance in its fourth quarter, beating Wall Street revenue and earnings forecasts.The TV and streaming company thrived on a bounce-back for advertising compared with the depths of Covid-19 a year ago.
Total revenue climbed 20% to $2.89 billion and earnings per share came in at 65 cents, up from 62 cents in the year-ago period.“We are in a very good place, with new momentum starting the fiscal year,” CEO Lachlan Murdoch said at the start of the company’s earnings call with analysts.Revenue jumped 20% to $2.89 billion, with the company indicating the strength was spread across several segments.
Read more on deadline.com